The amount of public liability cover you need depends on the kind of business you do and what kind of coverage your clients are expecting. Further, while deciding on the cover, you should think about the scale of work you do. Along with the possible compensation amount that you would have to pay in case […]
Articles Tagged: liability insurance
What is Liability Insurance?
Liability insurance is a part of commercial insurance which is there to protect the purchaser of the policy (i.e. policyholder). Various risks of liabilities can arise from lawsuits and similar claims. There are various types of liability insurance policies, like cyber risk, directors’ & officers’ liability insurance, product liability, etc. Commercial general liability insurance is […]
Our Q&A Column in Mint – July 17th, 2013
Read our column in Mint about Construction All Risk insurance and Professional Indemnity for doctors on SecureNow Insuropedia
What are the different types of liability insurance?
A liability insurance policy offers to cover business owners, professionals, and self-employed people against the cost of compensation claims due to malpractice, injury, or negligence. So, let’s discuss what are the different types of liability insurance policies. There are different types of liability insurance policies as mentioned below: 1) Commercial general liability (CGL) policy: A […]
How does Professional Indemnity Insurance Benefit the IT Firms?
With the Professional Indemnity Insurance, IT Firms get the cover for legal expenses and cost occurred with any claim filed against them by any of their clients. The primary goal of a professional indemnity insurance is to safeguard IT professionals against any financial losses from lawsuits, which can be raised against them by their clients […]
Stock Brokers hike cover to up to 10 crore after Emkay episode
Many stock brokers have raised their insurance coverage to up to 10 crore and extended their mandatory broker indemnity policy to cover fat finger errors similar to the one that caused Mumbai-based brokerage Emkay to take a Rs 51-crore hit on its books. Emkay GlobalBSE -6.17 % received only Rs 95 lakh as insurance against the […]
What Does General Liability Insurance Policy Cover for Contractors?
In the case of contractors and those who are involved in construction businesses, a general liability insurance policy covers the cost of lawsuits that are filed by third parties over bodily damage or property injury caused by their business or any of their employees. It means, if your construction business is sued, you would have […]
What are the Clauses Under Errors and Omissions Insurance Policy?
Errors and omissions insurance or professional indemnity cover offers protection to the company and its subsidiaries against various claims which can arise in respect of negligence, errors or omissions while discharging their professional services. Every professional, irrespective of in which domain he/she is working, should purchase errors and omissions insurance policy. While taking the policy, […]
What is a Liability Umbrella Insurance Policy?
A liability Umbrella Insurance Policy is like extra liability insurance that safeguards you against various claims and lawsuits. Thus, it helps in protecting your assets in the following two ways= It gives additional liability coverage over and above the limits of your auto and home insurance policies. The liability umbrella insurance policy coverage kicks in […]
Does Public Liability Insurance Cover Subcontractors?
Does Public Liability Insurance cover Subcontractors as well? Yes, public liability insurance cover subcontractors as well. If you are working as a subcontractor, you are vulnerable to various kinds of losses or damages. Moreover, if you are working as a subcontractor, you are more likely to be running your own small business. Even if you […]